Tuesday, May 8, 2007

Japan Bonds May Be Little Changed on Speculation Fukui to Signal Rate Rise

(Bloomberg) -- Japan's government bonds may be little changed amid concern central bank Governor Toshihiko Fukui will signal tomorrow that interest rates might rise again this year.

Benchmark 10-year debt yesterday completed a three-day slide, the longest drop since January, after Bank of Japan minutes of the March policy meeting said rates should climb gradually as the economy expands. Fukui last month said the bank will be able to increase borrowing costs as long as it's confident about the outlook for economic growth and prices.


Read more at Bloomberg Bonds News

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